Best Pacific Reports Horizontal Drilling Success At Gadsby.CALGARY, ALBERTA--(BUSINESS WIRE)--DECEMBER 15, 1995--BEST PACIFIC RESOURCES(Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). : BPG BPG Blocks Per Game (basketball statistic) BPG Bisphosphoglycerate BPG Bi-National Planning Group (NORADHQ) BPG Belgian Polymer Group BPG Binational Planning Group ) Best Pacific Resources Ltd. is pleased to announce that it has successfully drilled a horizontal re-entry RE-ENTRY, estates. The resuming or retaking possession of land which the party lately had. 2. Ground rent deeds and leases frequently contain a clause authorizing the landlord to reenter on the non-payment of rent, or the breach of some covenant, when the well in the Gadsby area of east central Alberta. Initial testing of the horizontal well in the Glauconite glau·co·nite n. A greenish mineral of the mica group, a hydrous silicate of potassium, iron, aluminum, or magnesium, (K,Na)(Al,Fe,Mg)2(Al,Si)4O10(OH)2 formation over a 48 hour period, resulted in sustained flow rates of 645 barrels of 32 degree API oil per day ("bopd") at less than 3 percent watercut, on a 24/64 inch choke. The Company has a 67.5 percent working interest in the well for a net share of 435 bopd. Best Pacific Resources Ltd. is listed on the Alberta Stock Exchange - trading symbol - BPG. CONTACT: Stephen C.M. Ko or Steven D. Kirk 403/263-8389 403/233-7463 (FAX) The Alberta Stock Exchange has neither approved nor disapproved the information contained herein. REPEATS: New York 212-575-8822 or 800-221-2462; Boston 617-236-4266 or 80 |
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